Moments ago, today's standout stock Tweeter (TWTRQ), not to be confused with Twitter (TWTR) although it very clearly was as Zero Hedge first pointed out, [6]was halted. The reason: to protect idiots from hurting themselves.
From the OTC bulletin board:
Trading Halt - Extraordinary Event Halt
"Trading is halted because FINRA has determined that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security or the security underlying an OTC ADR or has caused or has the potential to cause major disruption to the marketplace or significant uncertainty in the settlement and clearance process."
Major disruption such a people being too stupid to even know they are buying the wrong company, but hoping others are even dumber and buy their momentum shares? Well, good luck exiting your halted longs now. Pink Sheets stocks have a nasty habit of never unhalting once they halt.
Finally, we are hearing rumors JCP is now considering quickly changing its ticker to TWTRJ